NCUA Corporate Stabilization Program
The NCUA Corporate Stabilization Program began on January 28, 2009 after investment losses at U.S. Central Credit Union. U.S. Central was a large wholesale credit union that served other corporate credit unions, which in turn served local credit unions that serve individual members.
The National Credit Union Administration (NCUA) is the federal agency that regulates and insures federally insured credit unions in the United States.
Under the plan, in 2009 all federally insured credit unions that serve individual members would pay higher insurance premiums to the National Credit Union Share Insurance Fund (NCUSIF) to help cover the losses from U.S. Central. The NCUSIF had already issued a $1 billion capital note to support the effort. There was no guarantee that these 2009 assessments would be enough to cover future bad debt losses at the corporate credit unions.
This page was last edited on 2 February 2026, at 00:48 (CET).